U.K. sees no need to force derivatives onto exchange

From Bloomberg: The U.K. pushed back on European Union and U.S. proposals to trade standardized derivatives on exchanges and clearing houses, saying that other steps can reduce risks to the financial system instead.

While the U.K. broadly supports EU and U.S. objectives, the Treasury and Financial Services Authority said in a report today that they have concerns that the proposals could concentrate risk………………………………..Full Article: Source